Valley National Bancorp (VLYPP) Expected to Post Earnings on Thursday

Valley National Bancorp (NASDAQ:VLYPP) is projected to release its resultson Thursday, July 23rd. Analysts expect the company to announce earnings of $0.3088 per share and revenue of $557.16 million for the quarter.

Valley National Bancorp Price Performance

Shares of NASDAQ:VLYPP opened at $25.05 on Tuesday. The business’s 50 day simple moving average is $24.96 and its 200 day simple moving average is $25.09. Valley National Bancorp has a 1 year low of $24.42 and a 1 year high of $26.11.

Valley National Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a dividend of $0.4991 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date was Monday, June 15th. This is a positive change from Valley National Bancorp’s previous quarterly dividend of $0.49.

About Valley National Bancorp

Valley National Bancorp (NASDAQ: VLYPP) is a bank holding company headquartered in Wayne, New Jersey, whose principal subsidiary, Valley Bank, delivers a full spectrum of financial services. Founded in 1927 as The Bank of Passaic County, the company has grown through strategic acquisitions and organic expansion to become a regional banking franchise. Valley National Bancorp provides commercial and consumer banking services, with offerings that include deposit accounts, business and agricultural lending, residential real estate financing, and treasury management solutions.

In addition to core lending and deposit-taking activities, Valley National Bancorp operates specialized businesses covering mortgage banking, wealth management, and insurance services.